and (x) a Corporate Guaranty agreement executed by Offshore Logistics, Inc. (the “Guarantor”) in a
form and substance satisfactory to Lessor (the “Guaranty”). Lessor’s obligation to lease the
Aircraft hereunder is further conditioned upon (1) the cost to Lessor of the acquisition of the
Aircraft not exceeding the Capitalized Lessor’s Cost stated on Annex A; (2) upon delivery of the
Aircraft, Lessee’s execution and delivery to Lessor of a Certificate of Acceptance in the form of
Annex E; and (3) filing of all necessary documents with, and the acceptance thereof by, the FAA.